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Net Loss Per Share (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024
Earnings Per Share [Abstract] |  |
Schedule of the reconciliation of basic and diluted loss per share | The following table sets forth the reconciliation of basic and diluted loss per share for the three months ended March 31, 2025 and 2023 (in thousands except per share data):
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Net loss |  | $ | (26,080 | ) |  | $ | (24,377 | )
Weighted average number of shares outstanding |  |  | 5,065 |  |  |  | 2,926 |
Weighted average common stock warrants exercisable for nominal consideration |  |  | 6,500 |  |  |  | — |
Weighted average number of shares, basic |  |  | 11,565 |  |  |  | 2,926 |
Effect of dilutive securities |  |  | — |  |  |  | — |
Weighted average number of shares, diluted |  |  | 11,565 |  |  |  | 2,926 |
Loss per share |  |  |  |  |  |  |  |
Basic and diluted |  | $ | (2.26 | ) |  | $ | (8.33 | )
| The following table sets forth the reconciliation of basic and diluted loss per share for the years ended December 31, 2024 and 2023 (in thousands except per share data):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Net loss |  | $ | (72,807 | ) |  | $ | (114,331 | )
Premium on redemption of Series A Preferred Stock |  |  | — |  |  |  | (52,645 | )
Net loss for basic loss per share available to common stockholders |  | $ | (72,807 | ) |  | $ | (166,976 | )
Reversal of mark-to-market adjustment for liability classified warrants |  |  | (8,895 | ) |  |  | — |
Net loss for diluted loss per share available to common stockholders |  | $ | (81,702 | ) |  | $ | (166,976 | )
Weighted average number of shares outstanding |  |  | 3,561 |  |  |  | 3,722 |
Weighted average common stock warrants exercisable for nominal consideration |  |  | 6,500 |  |  |  | — |
Weighted average number of shares, basic |  |  | 10,061 |  |  |  | 3,722 |
Effect of dilutive securities |  |  | 84 |  |  |  | — |
Weighted average number of shares, diluted |  |  | 10,145 |  |  |  | 3,722 |
Loss per share |  |  |  |  |  |  |  |
Basic |  | $ | (7.24 | ) |  | $ | (44.86 | )
Diluted |  | $ | (8.05 | ) |  | $ | (44.86 | )
Schedule of potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share | The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:
|  | March 31, 2025 |  |  | December 31, 2024 |
Stock options |  |  | 1,022,353 |  |  |  | 1,027,977 |
Retainer Shares |  |  | 399,999 |  |  |  | 399,999 |
Shares issuable under Tranche B Notes |  |  | 1,114,770 |  |  |  | 1,158,617 |
Public Warrants |  |  | 156,220 |  |  |  | 156,220 |
Private Warrants |  |  | 28,572 |  |  |  | 28,572 |
Shares issuable under ESPP |  |  | 9,557 |  |  |  | 2,204 |
Shares issuable under the SIPA |  |  | 8,571 |  |  |  | 8,571 |
February 2024 BDO Firm Warrants |  |  | 108,686 |  |  |  | 108,686 |
February 2024 BDO Representative Warrants |  |  | 13,446 |  |  |  | 13,446 |
April 2024 RDO Common Warrants |  |  | 428,572 |  |  |  | — |
April 2024 RDO Placement Agent Warrants |  |  | 34,286 |  |  |  | 34,286 |
Deposit Warrants |  |  | 3,250,000 |  |  |  | — |
October 2024 Noteholder Warrants |  |  | 214,284 |  |  |  | — |
October 2024 Placement Agent Warrants |  |  | 104,848 |  |  |  | 104,848 |
December 2024 RDO Common Warrants |  |  | 1,642,871 |  |  |  | 1,642,871 |
StockBlock Warrants |  |  | 131,472 |  |  |  | 131,472 |
Total |  |  | 8,668,507 |  |  |  | 4,817,769 |
| The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:
|  | December 31, 2024 |  |  | December 31, 2023 |
Stock options |  |  | 1,027,977 |  |  |  | 946,275 |
Public Warrants |  |  | 156,220 |  |  |  | 195,838 |
February 2024 BDO Firm Warrants |  |  | 108,686 |  |  |  | — |
April 2024 RDO Placement Agent Warrants |  |  | 34,286 |  |  |  | — |
Retainer Shares |  |  | 399,999 |  |  |  | 114,285 |
Private Warrants |  |  | 28,572 |  |  |  | 103,240 |
February 2024 BDO Representative Warrants |  |  | 13,446 |  |  |  | — |
Shares Issuable pursuant to the ESPP |  |  | 2,204 |  |  |  | 851 |
Shares issuable under the SIPA |  |  | 8,571 |  |  |  | — |
Convertible Debentures |  |  | — |  |  |  | 15,626 |
October 2024 Placement Agent Warrants |  |  | 104,848 |  |  |  | — |
December 2024 RDO Common Warrants |  |  | 1,642,871 |  |  |  | — |
StockBlock Warrants |  |  | 131,472 |  |  |  | — |
Shares issuable under Tranche B Notes |  |  | 1,158,617 |  |  |  | — |
Total |  |  | 4,817,769 |  |  |  | 1,376,115 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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